Savings

Discussion in 'Politics' started by Iowa10000, Mar 2, 2011.

  1. Iowa10000
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    Iowa10000 BANNED

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    If I came to you and told you that if you give me 8% of your income and based on how many years you do this I will promise you a set amount of return. Then 10 or 20 years into this agreement I come back and say well things haven't worked out well and I did a poor job of what I was trying to do and if you want what i promised, your going to have to double what you were giving me.
     
  2. Leweman
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    Leweman Gold Member

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    Why would I wanna give you 8 percent of my savings?
     
  3. Iowa10000
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    Iowa10000 BANNED

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    where do you invest your hard earned money?
     
  4. Leweman
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    Leweman Gold Member

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    Oh income ... I get it.
     
  5. Leweman
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    Leweman Gold Member

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    Most of mine is in fidelity mutual funds, roth IRA and some Ford stock and Silver shares.
     
  6. Iowa10000
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    Iowa10000 BANNED

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    The other problem i don't understand is why are states running a pension fund?
    Basicly all a pension does is invest people's money and look for a return. Most Unions don't seem to have a problem with meeting what they promise, so why didn't the states turn it over to them to run?

    The truth is most states underfund their liabilities each and every year, that they do not invest wisely what the employee has allowed them to keep out of their wages along with not putting into the fund what they agreed to do, but used that money for other purposes! kinda sounds like what the fed govt has done to SS doesn't it.
    If all the money taken into SS was getting a decent return instead of just being an IOU from the feds, over the last 50 years we would all be rich. Not to mention they brought so many people into the system after the fact, yet they got the same benefits at the end.
     
  7. Mini 14
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    Mini 14 Senior Member

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    Depends on the "set amount of return," and what you're going to do with my money.

    What you got in mind???
     
  8. Two Thumbs
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    Two Thumbs Platinum Member

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    I have 5 kids. I can't put anything away.

    so I will be working until I'm dead :eusa_angel:
     
  9. Leweman
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    Leweman Gold Member

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    I would cut my losses and probably stop investing my money with people I meet on internet message boards.
     
  10. Iowa10000
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    As an employer I will take your money, a certain amount out of your check and i will give you this amount 30 years down the line based on how much you are willing to give me to invest. Now once this is established and your 15 years into this agreement I come to you and say, hey this deal I agreed to do for you isn't working out so good,. But here is what we can do to make it work, the payout will be the same but I'm going to have to start taking 20% of your check.

    What Jail would you want me to attend?
     

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